A new beginning. An auspicious day. A day that ushers in the goodness of spring. Known as Gudi Padwa, this day, say our scriptures, is when Lord Brahma created the universe.

New Year's first day, the Gudi Padwa, is celebrated with pomp in Maharashtra. Known by different names in other states, this is a significant and much-awaited auspicious period for those who seek divine blessings to start a new project or invest in long-term ventures.

Trend-setting Investment during Gudi Padwa

Considered as an ideal time to invest, Gudi Padwa has, over the years, set a trend among home buyers. Many prospective buyers are on the lookout for booking their dream home in this Lunar month of the New Year. The period marking Gudi Padwa is said to reflect an immensely favorable planetary position for buying properties.

Arjun, a Mumbaiite, a chartered accountant and the eldest son of the Deosthalee family, said, "My work requires me to move around the city daily. Our current house was proving to be inconvenient because of its location. More travel in a day affected my health and eventually the wellbeing of my family. We decided to relocate to a place that was centrally situated, with a traveling radius of 1 hour to all major business centers in Mumbai. And, we wanted to initiate the buying process on Gudi Padwa as we believe in the power of shubh mahurats."
Speaking about the choice of location, Arjun said, "Thane was an easy choice for us due to its proximity to CST, Worli, Navi Mumbai, Andheri, Goregaon, Powai, Borivali and almost all business districts in Mumbai. We shortlisted a place on Ghodbunder Road, an arterial road of Thane, featured for its fast pace of development, abundance greenery and the upcoming Metro Rail Line. We are waiting for Gudi Padwa to hand over the token amount."

Plethora of Incentives, Discounts and Rebates for Genuine Purchasers

Buyers like Arjun Deosthalee aren't the only ones who wait for this auspicious festival. Developers seeking genuine buyers, too, wait expectantly for the Gudi Padwa. Many launch festive schemes that include a horde of incentives for early bird bookings at new projects, price per square feet discounts and freebies like inbuilt household fixtures. While some builders pay rent for property purchasers, others offer to bear the stamp duty charges on behalf of their customers as a part of the Gudi Padwa season.

3 Investment Tips for Gudi Padwa

Real estate experts strongly advise those who are waiting to cash in on the festive home buying schemes, to exercise due diligence and follow these three simple tips while choosing a home:

Speaking about real estate investments on Gudi Padwa, a representative from Vijay Group and Suraksha Realty, a leading Thane-based real estate joint venture, stated, "Gudi Padwa has been celebrated since ages. We always come across more demand in this season. Our project, Orovia - The Land of Prosperity has witnessed a steady rise in the number of interested buyers since its launch in January this year. The presence of a wide range of practically thought out amenities, right from an amphitheatre to a skating rink and senior citizen areas to toddler play areas, make it an ideal choice for families who look out for upgrading their lifestyle. The project's proximity to a number of multiplexes, parks, lakes, hospitals and schools has attracted many home buyers."